Public Service Pensions Debate

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Department: HM Treasury
Tuesday 20th December 2011

(12 years, 10 months ago)

Lords Chamber
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Lord Lea of Crondall Portrait Lord Lea of Crondall
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I should be very glad to have such a discussion, but I have an even longer memory. For many years, I represented the TUC on the Retail Prices Index Advisory Committee, which was abolished by the Treasury when we made a recommendation that it did not like. The recommendation in about 1970 was that we should stick with the RPI for general purposes because—

Lord De Mauley Portrait Lord De Mauley
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My Lords, we must move on.

Lord Lea of Crondall Portrait Lord Lea of Crondall
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I am quite entitled to come in for a second time within the 20 minutes. I have been asking a question. Is there not a case for looking at which index should be used, based on considerations other than which one is likely to increase more slowly than the other?